nonequity option

Non-Equity Option

nonequity option

An option for which the underlying asset is anything other than stock. Nonequity options include commodity options, currency options, debt options, and stock index options. Compare equity option. See also Section 1256 contracts.

The taxpayers further argued that Congress had added other option contracts, such as nonequity options and dealer equity options, to section 1256, thus indicating its intent to include foreign currency options.

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